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8 P* `, M7 y! HBelow is an Interesting article I found, which says that.....Do not
' U/ {+ K! D. {- n, Z4 S" c& {expect much from Crude Oil producers and future is not with the
# m4 R; l) X" ]2 Xcompanies producing Jet fuels but Biofuels. Also no wonder if some of ; y6 `# ?3 X0 K8 f
these oil producer will go bankrupt or out of the business even if % U! M- f5 q/ @) R
crude prices improves. This implies also to good names such as Shell,
) b- u, f3 C5 dEXXON, BG, BP, Cheveron ....xyz.. oils 4 k; P7 _ c0 S! x J, ^
: K0 q# Y, W" xRecently OPEC reduced crude oil production twice over just a few
# r$ h/ f9 |" O& r; _# x/ f1 f1 @months. There are three wars going on in Gaza, Iraq and Afghandistan. * {: s9 V( g R4 L
A year ago these things would have spiked the price of crude oil by at - g" o; c* h/ [ N! @
least $50.00 per barrel. Today, oil price declined by a record amount. + I9 E4 L4 Q0 l" A
0 H* y: s8 ]5 S
& \ }; `/ l9 HThere are several reasons the price of oil is decreasing in the face 9 h7 y3 A U! Z. h( _9 o$ z
of so much news. These reasons are: 8 B: i5 Q8 d+ L" `/ p' s( c
3 G" m, l: U' d+ g; s7 I
, J- ~7 m- N9 U1. New oil has been found in Canada, Montana, North & South Dakota and
1 b3 K' c+ C3 I0 C( Zin the ocean near Brazil. Each of these oil fields has more oil than # @- l# B6 ?' @& k4 a9 s
Arabia. 4 Q5 Y+ t# S! A0 ^8 U* p7 R/ v
9 ]0 T: a+ h& r1 b# o J" ^
, D: y: A$ T3 \/ L* W9 o3 R2. New natural gas has been found in Pennsylvania and West Virginia. / x8 f& a' h0 Y/ P# ~5 Q8 u0 n
This is the largest find in North America. / G3 ]1 s2 o4 E0 C: r
3 k+ U. J4 |) z! N. ~" p8 R3 P( t: h- a
3. New methods of injecting CO2 and surfactants into oil wells is 6 \( i6 o# b6 ]3 w% t) u- L. K
being used to double their output. I" |: w( O' o L
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4. Production of bio-fuels is beginning to reach critical mass. Bio 7 _9 a$ Y3 u# @% ^& L# S
fuel is being produced from many plants and algae. The production
2 ?7 M! p V/ ~; O1 Lpotential per acre in some cases is astounding. Many countries are
$ B; T5 S) G; `2 nracing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants / G3 J: T) M3 O- S. g$ v! n
are now selling their used oil to bio-diesel producers. Every pork,
- h) v6 w9 t s5 K! p; V! F0 O% r" C' Ucattle, turkey and chicken processing plant will soon sell their fat ! n) E3 }3 h, S4 S3 O$ X/ ?
to bio-diesel producers. One pork processing plant in Oklahoma is
. O4 [9 D+ d' Y" S4 i2 {* W% cproducing 30,000 gallons of bio-diesel per day from pork fat. k2 M+ X/ Y5 b' P: [& c; k% n
$ z6 h% l. D, }' W
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6. There are 99 nuclear reactors in various stages of planning and
E3 n3 _- T- N) o4 D7 ~construction around the world at this time. Several hundred more are
4 Z5 S1 z" N+ F& ~7 Xexpected to be built in the future. Much of the energy they produce % S, }% ~8 E$ W5 ~
will replace oil. , o. h! x6 q6 e6 x+ |; F1 S4 f
) }. n- {( Z8 J8 h3 T
; n2 K2 ?* |9 j7. Every company in any form of transportaion business is replacing # c# ~8 t5 }2 P) b
older equipment such as trucks, airplanes, train engines, ships, etc. ) [/ y9 A% h$ v/ F: f* m3 K
with new more fuel efficient equipment. Airlines and railway companies $ Z. K6 u1 P0 E! j) p0 `' }
are experiencing 20% to 25% better fuel econony with the new ' S, D6 {% U3 d. V# V
equipment. ' q3 r$ ~9 k' k8 s% y6 H6 _
& k. u2 p f9 E- X G9 x* S+ N, n. m& b4 q" W
Airlines are flying airplanes with bio-fuel. They are finding the bio-
4 q* t9 K! K5 H0 k7 n4 L( zfuel is cleaner and performs better than jet fuel. # t9 H5 {- e" J. U& e+ R9 s
% h6 _+ v0 ]' h+ O
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8. Cities and counties throughout the US are selling the rights to - J v; U8 |/ A! F' S/ x' i
capture methane gas from landfills. This is a huge source of gas
! u: Y* }6 J- i4 D# J/ l" Lavailable at very little cost or risk. The gas is displacing crude
, K/ T, H( l$ P0 M3 Y Toil. + |( _+ w {, D# o6 B
" Y0 Q: D* Z# G, m
. k9 P; u. r6 }, f& ?! t9. Coal is being transformed into a clean burning liquid fuel. The CO2
, ]5 i7 p- k; i, Y; Wproduced as a byproduct is sold to oil companies for injection into
* }0 H9 D5 p( t/ Yoil wells.
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7 f% y( b1 v7 V% }, i
10. Solar, wind and ocean energy is displacing oil as an energy ; [; a' o0 \7 n$ @0 V& {- _" I
source. Three new wind turbines are being erected every day in the US. ) q+ R& m ^% M3 J
( p' c7 [" S& d* T' l# G% r( v) C
# l R; G, Y) ~( M9 aEach of the above by itself will not make a large difference in the ) s$ o+ O& ]- Z. b& \
price of crude oil but the sum of all of them together is world 8 @* c2 D; \. _- F0 `
changing. The important thing is that OPEC no longer has the ability
7 D; V+ C5 z4 yto control oil prices. h! X: _; c( x" U2 r
7 C5 X6 T: R, t( J% ^9 a0 Y
/ P# o/ G) U0 x6 B6 O5 a
With the above scenario, I still believe that there are under
+ I/ \9 ^' I" E: v( y ~% u5 e' |. ?performed OIL companies and probably they are yet to get the justified
3 S4 q" o$ l9 X {, q. jvalue .....
* R4 l/ V9 b: }6 r; QIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ; r; Z0 }7 ~/ S' s
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$ I+ I2 x# u6 q G
The above articles are from WSJ .............PUBLISHED ON 9TH JAN k8 s- d) k6 a6 K( }' w
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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